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Apr 23, 2013
04/13
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the faa says listen, you can't come in. we don't have enough people. we can't do the job. it was remarkable. we said how long? two and a half hours? why is that? >> maybe two and a half hours the faa says they might be able to round up enough people to land the airplanes in kennedy. >> that is stunning. i was watching in horror because i have to travel next week. >> take the train. i was going to go to washington. forget the airplane. just get on the train. it's too high risk. they didn't know their plane would not take off until the doors were closed and we were wheels up in 15 minute, they thought was the maximum and the pilot comes back and says listen, we can't land. they don't have enough people to land us in kennedy. >> thank you for the tweets on that because honestly and we were glad you brought it to our attention. thank you very much. >> our guest host this morning is henry blodget. he has thoughts on there as well. squawk will be right back. ♪ ♪ ♪ ♪ ♪ the new blackberry z10. with time shift and blackberry balance. built to keep you moving. see it in ac
the faa says listen, you can't come in. we don't have enough people. we can't do the job. it was remarkable. we said how long? two and a half hours? why is that? >> maybe two and a half hours the faa says they might be able to round up enough people to land the airplanes in kennedy. >> that is stunning. i was watching in horror because i have to travel next week. >> take the train. i was going to go to washington. forget the airplane. just get on the train. it's too high risk....
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Apr 23, 2013
04/13
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to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for drivers. prices at the pump are down $.11 a gallon over the last two weeks and could fall by another.20 as we get closer to memorand e err memorial day. >>> leading sectors were energy and technology, ahead of the after the bell earnings. the dow ended the day 19 points higher and the s&p 500 added 7. the price of gold rebounded today, surging nearly $26 to $1,421 announced. but last week as the price of gold was falling, investors pulled $2.7 billion out of gold exchanged traded funds. most of the money was invested in international stock. >> turning to market focus. texas instruments reported the profits were higher than
to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for...
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Apr 23, 2013
04/13
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KICU
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as of now, the furloughs mean all 47,000 faa employees, including 15 controllers, will work one less day every other week. faa administrator michael huerta found no other way to cut $637 million as required by the sequester. the faa implies that with fewer controllers on duty, planes will have to take off and land less frequently. it's not only passengers affected. sequestration may also affect air freight. the aerospace industries association predicts over the course of a year the nation's air cargo system may be as much as two billion pounds of goods lighter as a result of fewer cargo flights. boeing dreamliners may be heading for the skies, possibly as early as next week. the 787s have been grounded since january because a couple of lithium ion batteries on board caught on fire. boeing reportedly has engineers and techs working this week to install re-inforced batteries on its jets, which will reduce the risk of overheating. "it took a long time to prove this fix, about 3 weeks longer than boeing thought necessary, so i think they feel pressure now to go ahead, allow these planes
as of now, the furloughs mean all 47,000 faa employees, including 15 controllers, will work one less day every other week. faa administrator michael huerta found no other way to cut $637 million as required by the sequester. the faa implies that with fewer controllers on duty, planes will have to take off and land less frequently. it's not only passengers affected. sequestration may also affect air freight. the aerospace industries association predicts over the course of a year the nation's air...
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Apr 22, 2013
04/13
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on whether or not the faa and government have a choice. >> we believe the faa has the discretion not to furlough the air traffic controllers, historically have never, ever in any situation been furloughs before because the frontline safety professionals keep the planes in the air, get them to the ground and keep travelers moving, keep shipping moving and that is critical to our economy, does not have to be this way. >> we believe the way their plan is constructed is going to maximize the disruption assuming it rules out and disruptions occurred. not a good situation. rich: the obama administration says the altar of the faa staff is personnel workers, the only way to comply with the numbers of these automatic but it cuts is you have to furlough air traffic controllers. back to you. liz: that to me seems everybody is overblown mess. what do you think? rich: it depends on where you go. when i started with a flight control system where there are no delays. differentiating if this is delayed because of weather or if jfk they are doing tarmac work or the wind at laguardia. the number of di
on whether or not the faa and government have a choice. >> we believe the faa has the discretion not to furlough the air traffic controllers, historically have never, ever in any situation been furloughs before because the frontline safety professionals keep the planes in the air, get them to the ground and keep travelers moving, keep shipping moving and that is critical to our economy, does not have to be this way. >> we believe the way their plan is constructed is going to...
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Dec 2, 2013
12/13
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here's what the faa has said. unmanned aircraft system integration must be accomplished without reducing existing capacity decreasing safety impacting current operators or placing other air space users or persons and property on the ground at increased risk. they say they see a much broader range than just delivering packages or pizzas. faa is considering security applications disaster response applications news and sport event coverage. i would love to get into on that for cnbc, if we could get a drone of our own in the air. cargo transport, monitoring infrastructure, ports, pipelines, commercial photography, mapping and advertising. i talked to a couple of experts in this field and they say amazon might want to go to the u.s. marine corps for advice how to do this because the marines are operating a robotic system in afghanistan called the k-max. it has the capability of delivering 5,000 pounds of equipment to marines in the field. they're using it. they've had a lot of crashes but they have experience using thi
here's what the faa has said. unmanned aircraft system integration must be accomplished without reducing existing capacity decreasing safety impacting current operators or placing other air space users or persons and property on the ground at increased risk. they say they see a much broader range than just delivering packages or pizzas. faa is considering security applications disaster response applications news and sport event coverage. i would love to get into on that for cnbc, if we could...
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Mar 13, 2013
03/13
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the faa has signed off on the battery fix for the 787 dreamliner. the new battery pack is designed to minimize the chances of a short circuit. it insulates the cells better and has a new containment and venting system and the dreamliner has been grounded worldwide since mid january costing boeing $70 million a week. shares have been resilient in light of this. >>> the oldest u.s. consumer protection group is urging ftc to open a probe into herbalife. they concluded an investigation is the best way to determine whether the company is a legitimate business or a pyramid scheme. can't decide whether to say herbalife. shares are down 2%. lost 14% of value in the past quarter. dell agreed to let southeastern asset management see a list of who else owns the pc maker stock. they've been a critic of the $24 billion buyout. it owns 8.4% of the company and last week asked for access to dell's books and records to build a case against the buyout deal. dell shares responding up about 0.4 in frankfurt trade today. the u.s. department of agriculture offering a swe
the faa has signed off on the battery fix for the 787 dreamliner. the new battery pack is designed to minimize the chances of a short circuit. it insulates the cells better and has a new containment and venting system and the dreamliner has been grounded worldwide since mid january costing boeing $70 million a week. shares have been resilient in light of this. >>> the oldest u.s. consumer protection group is urging ftc to open a probe into herbalife. they concluded an investigation is...
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Jan 23, 2013
01/13
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>> ray lahood, along with the head of the faa, meeting in washington at arrow club luncheon. one of the questions to the second of transportation, the dreamliner is safe and later grounding tp listen to what secretary of transportation has to say. >> you know what? i'm not doing these hypothetical 2020 look backs. we did what we did and did the right thing. for the american people. and when we finish our review and figure out what happened, we will be happy to announce it. no postmortems. >> a few more questions. but basically what they had to say is this investigation is still ongoing. a couple of points, japan and since the battery is involved in that incident is not overcharged. flipping to what they say originally. they are testing lithium ion cells in washington and these investigators for the ntsb and boeing are running tests in multiple locations around the country. and it is clear from listening to comment guys in washington as you look at shares of boeing. it is clear from listening to the secretaries of transportation, they are that close to finding a definitive cau
>> ray lahood, along with the head of the faa, meeting in washington at arrow club luncheon. one of the questions to the second of transportation, the dreamliner is safe and later grounding tp listen to what secretary of transportation has to say. >> you know what? i'm not doing these hypothetical 2020 look backs. we did what we did and did the right thing. for the american people. and when we finish our review and figure out what happened, we will be happy to announce it. no...
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Jan 17, 2013
01/13
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the faa is saying they're grounded indefinitely. they're grounded until they can figure out what's wrong and then fix what's wrong. so we are now into -- it's not a couple of days. >> this is weeks. >> let me just remind you, some of the customers, about the fleet, as well. united first's 787 domestic flight was on november the 4th. here we are on january the 8th. there's quite a few flights that have been grounded. yes. that is the essential timeline there. >> you can take a look at a lot of the customers and supplies affected by this news. we know we're watching the batterymaker in particular, but we're talking here about the airlines that ordered and in some cases have been delivered. a lot of major airlines listed there. you can see all nippon airways with more than a dozen aircraft. the next biggest is japan airlines which had reported troubles. united is in the air, too. india is looking into trouble. a lot of airplanes are in the pipeline. >> and qatar airways, that is the one where we haven't heard anything. if you're now a
the faa is saying they're grounded indefinitely. they're grounded until they can figure out what's wrong and then fix what's wrong. so we are now into -- it's not a couple of days. >> this is weeks. >> let me just remind you, some of the customers, about the fleet, as well. united first's 787 domestic flight was on november the 4th. here we are on january the 8th. there's quite a few flights that have been grounded. yes. that is the essential timeline there. >> you can take a...
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Apr 22, 2013
04/13
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FBC
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faa is saying there are delays basically close to coast. as far as specifics are concerned they could not provide us with any ties of numbers. that has a number about folks, especially republicans in congress say this is entirely structured by the faa to inflict what they say is maximum pain on airline travelers. this is comment about bill shoeser, the chairman of the transportation and infrastructure committee. he said disregard for the american public is indicative that the admin strution -- administration views the sequester as a attempt to score political points rather than address issues and than find real savings in a bloated federal brock bureaucracy. the way they arranged the law, they have few other options. >> the faa unlike other agencies is personnel heavy. in the end you can not avoid, when 70% of your operating budget is personnel you can not avoid when the cuts are deep as they are in the sequester the kind of actions that are taken, these furloughs. that is the unfortunate fact of arbitrary across-the-board cuts like this. >
faa is saying there are delays basically close to coast. as far as specifics are concerned they could not provide us with any ties of numbers. that has a number about folks, especially republicans in congress say this is entirely structured by the faa to inflict what they say is maximum pain on airline travelers. this is comment about bill shoeser, the chairman of the transportation and infrastructure committee. he said disregard for the american public is indicative that the admin strution --...
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Apr 25, 2013
04/13
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these are faa statistics. on sunday, the furloughs were to blame for about 400 different flight delays. on monday, more than 1200. tuesday, more than 1000. there are a few different proposals that have been put out by members of the senate. to basically ensure that the traffic control towers are not furloughed. the white house says they are open to talk about it. >> lawmakers suggest they are available. congress has to act. we would be open to looking at these issues. it would be a band-aid measure. one proposal quoted by the senate majority leader harry reid would use unspent money from the wars in iraq and afghanistan. that is something that mitch mcconnell has recently called a budget gimmick. they may attach to a bill, a proposal that gives the department of transportation some more spending flexibility. that would be attached, in theory, what they are talking about in the senate right now to an online sales tax. that effort is not concrete yet. it is something that would have to be done fairly soon, thoug
these are faa statistics. on sunday, the furloughs were to blame for about 400 different flight delays. on monday, more than 1200. tuesday, more than 1000. there are a few different proposals that have been put out by members of the senate. to basically ensure that the traffic control towers are not furloughed. the white house says they are open to talk about it. >> lawmakers suggest they are available. congress has to act. we would be open to looking at these issues. it would be a...
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Apr 23, 2013
04/13
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and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press conference and the president giving the address on the disappointment of the gun control agenda half an ho later. ho later. just asking. [ lorenzo ] i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. [ male announcer ] a car that can actually see like e a hum, using ste
and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press...
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Feb 5, 2013
02/13
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the seattle times say the faa may give the green light soon. boeing shares, though, are responding to the upside this morning. adding about 0.8% in trade. apparently not too fussed by it, ross. >> yeah. those claims are still mounting, of course. meanwhile, shares of virtual media have jumped after the group confirm it's been approached by cable group liberty global for a potential takeover. a successful merger would deliver significant savings which is controlled by u.s. billionaire john malone. the transaction heats up after bskyb is heated up. >> battle of the titans, part three, four, five, you might say. it will be one to watch. in any case, roger is still with us on set. this morning, we got a bunch of data out showing that the service sector in the eu is picking up a little bit. what's interesting is to look at the importance of the service sector to the eu economy generally speaking. are there any signs here ott not just a cyclical but structural change under way? >> well, definitely if you look at euro, the eurozone, you look at the pm
the seattle times say the faa may give the green light soon. boeing shares, though, are responding to the upside this morning. adding about 0.8% in trade. apparently not too fussed by it, ross. >> yeah. those claims are still mounting, of course. meanwhile, shares of virtual media have jumped after the group confirm it's been approached by cable group liberty global for a potential takeover. a successful merger would deliver significant savings which is controlled by u.s. billionaire john...
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Apr 22, 2013
04/13
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FBC
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and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press conference and the president giving the address on the disappointment of the gun control agenda half an hour later. just asking. we will be right back... and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. would absolutely not have taken a zip line in the jungle. i'm really gd that girl stayed at home. vo: expea helps 30 million travelers a month find what they're looking for. one traveler at a time
and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press...
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Apr 22, 2013
04/13
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there is real question as to whether or not the faa actually has a choice. >> the faa unlike other agencies is personnel heavy and, in the end you can not avoid, when 70% of your budget of your operating budget is personnel, you can not avoid when the cuts are as deep as they are in the sequester the kind of actions that are taken, these furloughs. that is an unfortunate fact of arbitrary, across-the-board cuts like this. >> the faa is playing politics and something they do very well because they can rely on their constituent groups, airlines and airport operators to run to congress in an attempt to put pressure on them to throw more money at the problem. >> so we have about a dozen flight delays here out of national airport, many of them going into new york area airports. it is tough to differentiate whether it is a problem with air traffic control or flying system you will get delays. you can't go into this assuming before sequestration and furloughs there were no delays at any airport. trying to figure out what the exact impact is rather difficult. however the airline industry said is co
there is real question as to whether or not the faa actually has a choice. >> the faa unlike other agencies is personnel heavy and, in the end you can not avoid, when 70% of your budget of your operating budget is personnel, you can not avoid when the cuts are as deep as they are in the sequester the kind of actions that are taken, these furloughs. that is an unfortunate fact of arbitrary, across-the-board cuts like this. >> the faa is playing politics and something they do very...
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Apr 22, 2013
04/13
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also delayed travelers finding themselves waiting in airports as faa furloughs just kicked in. >>> and the investigation in boston, the wounded marathon bombing suspect, he's now responding to questions. it's monday, april 22nd, 2013 and "squawk box" -- it's early, it's monday morning, it begins right now.
also delayed travelers finding themselves waiting in airports as faa furloughs just kicked in. >>> and the investigation in boston, the wounded marathon bombing suspect, he's now responding to questions. it's monday, april 22nd, 2013 and "squawk box" -- it's early, it's monday morning, it begins right now.
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May 3, 2013
05/13
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once the faa figures this out, 2015, then we'll probably see the best position companies really leap ahead. >> all right, jon, so, can we credit drones for dow 15,000? i don't know. >> not yet, but -- >> one of the biggest drone makers, boeing, has been the biggest contributor, though, to the dow rally, as the dow moved from 14,000 to 15,000. thank you, jon. boeing's rise was good for 144 points. can the stock keep on flying? we want to get in on the action with brian stutland. would you bet on boeing? >> it's had a great run. if you look at the five-year chart it looks fantastic. i believe the stock trades above $100 a share here. it feels like the stock wants to move to new all-time highs, good 5%, 10% above 100 bucks. we highlighted this on the blog on the cnbc website, big call bilers a few weeks ago, spotting that boeing would trade over $90 a share. today, people are betting that boeing trends a little higher. there's a floor at $90 here. i think the stock trades higher. you are talking about a stock that's done very well it pays out a dividend yield better than the ten-year tr
once the faa figures this out, 2015, then we'll probably see the best position companies really leap ahead. >> all right, jon, so, can we credit drones for dow 15,000? i don't know. >> not yet, but -- >> one of the biggest drone makers, boeing, has been the biggest contributor, though, to the dow rally, as the dow moved from 14,000 to 15,000. thank you, jon. boeing's rise was good for 144 points. can the stock keep on flying? we want to get in on the action with brian...
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Aug 14, 2013
08/13
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that determination is done by the faa right now. and those are restrictions from the standpoint of safety. what decisions does the faa have to make? unmannedthin the aircraft system, safety is paramount. there is really only one responsibility, to make sure that anything that goes into the natural -- national airspace does so in a safe manner. it has to detect in the void if it is an unmanned system. if it goes in to the national airspace, it can do no harm. it cannot fallout of the national airspace and do harm to anyone else. i will tell you, they are doing a very good job. we have the safest guys in the world. host: what is the deadline that the faa has to make sure when this is supposed to happen? congress mandated in the of reform act in february 2012 that by september 30, 2015, the faa had to integrate unmanned aircraft systems and to the national airspace. it did not say fully integrate, but just recently there has been success with the faa, and also of in the arctic with systems that were flown for oil and gas exploration, a
that determination is done by the faa right now. and those are restrictions from the standpoint of safety. what decisions does the faa have to make? unmannedthin the aircraft system, safety is paramount. there is really only one responsibility, to make sure that anything that goes into the natural -- national airspace does so in a safe manner. it has to detect in the void if it is an unmanned system. if it goes in to the national airspace, it can do no harm. it cannot fallout of the national...
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Apr 22, 2013
04/13
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>> this is faa, not tsa. but la hood knows all he has to do is say, that's the way it is, it's terrible. most people buy it. are you going to argue with this guy? you should. most people say, sequestration is terrible. we don't have enough money. when you look beyond it, and is we have to look beyond it, labor unions are, the organizations that represent airlines do. they'll all be on it. >> mike, real quick. gary, you're taking a trip today? i do have to fly today, yes. >> and the question is, if you're waking up this morning, you have a choice of which airport you're going to, he's going to laguardia, maybe, new york or jfk. >> give me some advice. >> what do you do? we're trying to get him into teet teeterboro. mike? >> any airport is going to get gummed up. >> it doesn't matter? >> no. look, your delay out of laguardia means you're going to miss your connection in chicago. so it's a whole system. omaha is going to get hit, lincoln is going to get hit, everybody is going to get hi it. >> but to be fair, we
>> this is faa, not tsa. but la hood knows all he has to do is say, that's the way it is, it's terrible. most people buy it. are you going to argue with this guy? you should. most people say, sequestration is terrible. we don't have enough money. when you look beyond it, and is we have to look beyond it, labor unions are, the organizations that represent airlines do. they'll all be on it. >> mike, real quick. gary, you're taking a trip today? i do have to fly today, yes. >>...
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Mar 7, 2013
03/13
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. >>> the faa is not -- what does this mean to the suppliers for the dreamliner fleet? >> hi, kelly. the nikkei 225 stretched today winning streak into a sixth day, renewing the 2013 high up 0.3%. the rise was modest compared to yesterday anticipates 0.2% surge, but despite that, the benchmark index dropped for the first time since december 2008. >> the pung the top gainers, stocks jumped nearly is 1% at one point on news that the faa is closing to signing off on a certification plan. this plan could allow boeing to carry out test flights of the 787. authorities will determine whether to lift the flight's ban or not during this test. hinting that its relation with the aircraft manufacturer is still firm. that's all from nikkei business report. back to you. . >> staying in the region, olympus shares made solid gains today after the nikkei daily says it's prepared to slash interests far more than the previous cuts. olympus plans to do this from increasing its business from its medical supply inventory. cnbc's david faber reports carl icahn has built a stake of about 100 m
. >>> the faa is not -- what does this mean to the suppliers for the dreamliner fleet? >> hi, kelly. the nikkei 225 stretched today winning streak into a sixth day, renewing the 2013 high up 0.3%. the rise was modest compared to yesterday anticipates 0.2% surge, but despite that, the benchmark index dropped for the first time since december 2008. >> the pung the top gainers, stocks jumped nearly is 1% at one point on news that the faa is closing to signing off on a...
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Feb 22, 2013
02/13
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so this is not like they're walking in and the faa has no idea what boeing is going to prevent. they're fairly familiar with what boeing is going to say. the question now is is it rigorous enough? will it work? >> and, phil, we're looking at shares rallying about 15% today. thanks very much for calling in and you can head to our website for more of phil's coverage on the boeing dreamliner fix. all of that at cnbc.com. >>> if you're just joining us on the program, good morning. these are your headlines. brussels warns the eurozone economy will contract for a second year in a row in 2013. business confidence index out of germany jumping to its highest level since july 2010. and hp profits shrugged but managed to beat forecast as ceo meg whitman says a turn around is on track. >>> and u.s. stocks are heading lower for a second day. traders used this week's fed minutes and disappointing european data to sell. can we break the trade heading into the weekend? we'll head out to the bond pits in chicago for some insight when we come back. >>> welcome back to the program. hewlett packard
so this is not like they're walking in and the faa has no idea what boeing is going to prevent. they're fairly familiar with what boeing is going to say. the question now is is it rigorous enough? will it work? >> and, phil, we're looking at shares rallying about 15% today. thanks very much for calling in and you can head to our website for more of phil's coverage on the boeing dreamliner fix. all of that at cnbc.com. >>> if you're just joining us on the program, good morning....
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Apr 25, 2013
04/13
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air worthiness directive from the faa. technically. it is not published until tomorrow but this is the beginning of the final step that would lift the grounding of the dreamliner. officially it only applies to the united 787s because they are the only one with licensing, if you will, here in the united states. but this is the beginning, carl, of them lifting the grounding and you'll tart to see the dreamliners flying. we talked about it yesterday. ethiopian airlines are planning on having the first flight on saturday once battery fixes are made there. >> yes. we know what boeing shares have done in the wake of these most recent developments, up another percent today to $91.50. >>> for more coverage of our "green is universal," check to green.cnbc.com. >>> angie's list shares full-on rally mode this morning. they've basically doubled now so far this year. as far as many are concerned they are knocking it out of the park. we will speak to one of the co-founders, his first tv interview after the break. >>> tomorrow, a global
air worthiness directive from the faa. technically. it is not published until tomorrow but this is the beginning of the final step that would lift the grounding of the dreamliner. officially it only applies to the united 787s because they are the only one with licensing, if you will, here in the united states. but this is the beginning, carl, of them lifting the grounding and you'll tart to see the dreamliners flying. we talked about it yesterday. ethiopian airlines are planning on having the...
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Jan 11, 2013
01/13
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the faa administrator. take a listen. >> from day one, we have worked with boeing to certify these systems and to further ensure that this innovative aircraft meets our high level of safety for the flying public. we believe this is a safe aircraft. >> in addition to that, the faa said they logged 200,000 hours of work during the certification of this airplane tight, flew on numerous test flights obviously. boeing executive guys saying that the problems, jim, are not caused by outsourcing and they welcome any changes that their regulators suggest. >> couldn't ask for more in terms of boeing dealing with this. this is a very complicated plane. i remember even when they first used the composites, that was a problem. now it's the ion -- lithium ion brat ris. i know it sounds mundane that they will fix this, but i've got to stick by that. this is one of the best manufacturers in the world. >> buy on the weakness? >> no, united technologies, ge, precision cast parts, you can buy so many aerospace plays. jets are
the faa administrator. take a listen. >> from day one, we have worked with boeing to certify these systems and to further ensure that this innovative aircraft meets our high level of safety for the flying public. we believe this is a safe aircraft. >> in addition to that, the faa said they logged 200,000 hours of work during the certification of this airplane tight, flew on numerous test flights obviously. boeing executive guys saying that the problems, jim, are not caused by...
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Apr 23, 2013
04/13
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airports on monday as the faa began imposing furloughs of air traffic controls. but the widespread traffic never really materialized. flight aware.com says only about 150 flights were canceled. and is while some people waited nearly two hours to take off, delays were much shorter on average. let's get more now from aviation industry consultant ray. ray, good to see you. this isn't just a story about monday, is it? the real question is what happens as these furloughs continue to play out? >> yes. it's going to take at least a couple of days before we see the full impact of these budget cuts. >> talk a little bit about what's coming down the pike. it's pretty significant, to some extent. >> it is. and i think this puts forward a good argument on why the faa should be a public corporation in the u.s. with its own budget to get away from some of the politics of washington. this is a mandatory type of function that the airlines do need and is it's going to be very costly to the airlines, i believe, if this situation continues to move into the higher travel season. >>
airports on monday as the faa began imposing furloughs of air traffic controls. but the widespread traffic never really materialized. flight aware.com says only about 150 flights were canceled. and is while some people waited nearly two hours to take off, delays were much shorter on average. let's get more now from aviation industry consultant ray. ray, good to see you. this isn't just a story about monday, is it? the real question is what happens as these furloughs continue to play out?...
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the faa says it is reviewing that proposal. here at the national transportation safety board they're reviewing battery issues. remember this all dates back a month ago when that battery caught fire on a japanese airline flight that was grounded at logan airport. so this is an examination of the entire review process. they're looking at how this battery was certified and allowed to be put into planes. also an examination of every stage of the battery from the construction to its use. >> not yet identified. what the cause of the short-circuit is. we are looking at the design of the bat i are. we're looking at the manufacturing president ses. and we are also looking at the cell charging and that involves the charging that is coming from outside of the battery. how each individual cell is charged. how that is managed and how it is evaluated. >> so the next part of this, the next 30 days the ntsb says they will issue an interim report. it won't be a final report, as far as a decision is concerned to allow planes back up in the air,
the faa says it is reviewing that proposal. here at the national transportation safety board they're reviewing battery issues. remember this all dates back a month ago when that battery caught fire on a japanese airline flight that was grounded at logan airport. so this is an examination of the entire review process. they're looking at how this battery was certified and allowed to be put into planes. also an examination of every stage of the battery from the construction to its use. >>...
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Jan 28, 2013
01/13
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KRON
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though the faa may have stopped going from flying a 787 dream liner is, the company is moving forward with production. a boeing spokesperson confirms the company is not only keeping its current production schedule for the jets but it also plans to double protection production by the end of the year. halting production would be costly for boeing and its suppliers. the company still has an order 800 dream liner is planes to fill for airlines. >> we're looking for a day were the high will be right in the upper 50s. we will be right back. @ñ when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. >> 648 m nearly half of americans with college degrees are overqualified and their jobs they currently hold. that is according to a study released by the center for college affordability and productivity. researchers say the problem is is out of college grad
though the faa may have stopped going from flying a 787 dream liner is, the company is moving forward with production. a boeing spokesperson confirms the company is not only keeping its current production schedule for the jets but it also plans to double protection production by the end of the year. halting production would be costly for boeing and its suppliers. the company still has an order 800 dream liner is planes to fill for airlines. >> we're looking for a day were the high will be...
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Apr 19, 2013
04/13
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the faa has discretion to implement cuts without furloughing air traffic controllers. like customs department, tsa, they have not acted to minimize potential impacts. airlines are not happy about this at all. they mentioned the tsa. the tsa line, there the tsa will not furlough anybody. they come up with anybody for that to minimize the i am packs. they're disappointed airlines, are the administration is doing that. secretary lahood says we have to save money somehow. i leave you with airline stocks. it has been a great year. hope that doesn't get blown up by all of this. i'm going on vacation on sunday. that is when the furloughs are starting to kick in. i will be reporting angrily from the airport if you see me on monday, i'm not going to be happy. tracy:. tracy: ashley will be back on monday. you know how he gets when he talks about airlines and airline experiences. between the two of you will be good tv. jeff flock. >> thanks, trace. tracy: quarter past the hour. we have to get a check on these markets. as we do, lauren simonetti on the floor the exchange. we're lo
the faa has discretion to implement cuts without furloughing air traffic controllers. like customs department, tsa, they have not acted to minimize potential impacts. airlines are not happy about this at all. they mentioned the tsa. the tsa line, there the tsa will not furlough anybody. they come up with anybody for that to minimize the i am packs. they're disappointed airlines, are the administration is doing that. secretary lahood says we have to save money somehow. i leave you with airline...
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Apr 22, 2013
04/13
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CNBC
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we had an faa statement release toefrd weekend reading in part, the faa will be working with the airlines and using a comprehensive set of air traffic management tools to minimize the delay impacts of lower staffing as we move into the busy summer travel season. now, we've got a counter view from the global visit travel association. they're saying, quote, our nation's xhid and businesses will pay a very steep price that significantly outstrips the goals produced savings through those furloughs. business and leisure travellers we talked to earlier today agree. >> traveling is stressful enough and when you don't know how long it's going to take you to get through the line, you have to add extra time that you wish you didn't have to to get from point a to point b. >> that will impact not only the stockholders, the employees, but also all of our customers. >> now, for the record, the faa will be furloughing 15,000 controllers. they have to take at least one day off every other week from now through the end of september. in our next update on "power lun lunch" we're going to talk to a spokesma
we had an faa statement release toefrd weekend reading in part, the faa will be working with the airlines and using a comprehensive set of air traffic management tools to minimize the delay impacts of lower staffing as we move into the busy summer travel season. now, we've got a counter view from the global visit travel association. they're saying, quote, our nation's xhid and businesses will pay a very steep price that significantly outstrips the goals produced savings through those furloughs....
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Apr 23, 2013
04/13
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they blame it on furloughs from the faa. the faa intends to cut 10% of staffing. that's to save roughly $200 million coming out of the $637 million that it needs to cut from its budget. now the board behind me shows we are with seeing delays of 15 to 45 minutes in terms of the departures. in terms of the arrivals we are seeing 30 to 45 minutes. of course that's due to congestion. we have data that shows yesterday more than half of the flights at this airport did experience a delay. in addition to some security concerns, of course, from the furlough, how this is going to impact airlines and the broader economy is a big issue. southwest estimates the cost could be $200 million a year for that airline. american, of course, a bigger airline saying that it could cost them $650 million a year. carl, a couple of caveats to think about. of course weather could be the biggest reason you see flight delays. we had windy conditions here in new york city. everybody was willing to point the finger at the sequester. the other issue, of course, is the fact that you have different
they blame it on furloughs from the faa. the faa intends to cut 10% of staffing. that's to save roughly $200 million coming out of the $637 million that it needs to cut from its budget. now the board behind me shows we are with seeing delays of 15 to 45 minutes in terms of the departures. in terms of the arrivals we are seeing 30 to 45 minutes. of course that's due to congestion. we have data that shows yesterday more than half of the flights at this airport did experience a delay. in addition...
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Apr 26, 2013
04/13
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senate passes a bill to put a stop to the faa, furloughs of air traffic controllers which has led to travel delays this week. it could act on the measure today for week-long earc the bill would give the department of transportation which oversee tess faa more budget flexibility to reduce the number of furloughs. passengers and airlines have watchetted up their complaints as they have decreased delays at major hubs in new york, chicago and atlanta. jet blue weighed in on cnbc's fast money. >> if the government would just let us run our airlines, i think this is a really good time to be in airlines. >> yes. maybe it is a nonpartisan issue. >> if your congressman is sitting there stuck on the tarmac with your constituents -- >> but this is the point. this is why they're trying to make such visible obvious cuts, it's the only way you can get people to overcome the object behind it and says we don't want these things to happen. >>> anyway, coming up, starbucks, jcpenney and a new high profile shareholder. we'll let you know who is committing major dollars to the retailer, next. >>> today
senate passes a bill to put a stop to the faa, furloughs of air traffic controllers which has led to travel delays this week. it could act on the measure today for week-long earc the bill would give the department of transportation which oversee tess faa more budget flexibility to reduce the number of furloughs. passengers and airlines have watchetted up their complaints as they have decreased delays at major hubs in new york, chicago and atlanta. jet blue weighed in on cnbc's fast money....
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Mar 12, 2013
03/13
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FBC
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the faa approved the 787 certification plan. what does that mean? it means boeing is able to test the 787. you see the stock moving slightly higher in the ask. at least. they're able to test the 787 battery fixes. he will not allow 77s to back to service until he is satisfied about the planes. randy, while we still have you, is this -- >> you have tin years of r&d coming to fruition. they're able to sell these things for revenue and profit. ten years of development finally coming to fruition. david: are you buying more boeing tomorrow? >> definitely. david: randy, great to see you. thank you very much. >> thank you very much. david: toy company is bringing manufacturing back from china and making toys right here in america. coming up next the ceo joins us next in a first on fox business interview to tell us why this could give him an advantage over the bigger toy players who are manufacturing overseas. liz: that robot is not a toy. it is helping them save money. ♪ >> i'm sandra smith with your fox business brief. a chase spokesperson telling fox b
the faa approved the 787 certification plan. what does that mean? it means boeing is able to test the 787. you see the stock moving slightly higher in the ask. at least. they're able to test the 787 battery fixes. he will not allow 77s to back to service until he is satisfied about the planes. randy, while we still have you, is this -- >> you have tin years of r&d coming to fruition. they're able to sell these things for revenue and profit. ten years of development finally coming to...
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Apr 22, 2013
04/13
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the faa warning in some cases, passengers could see delays of 90 minutes or more. that is nationwide. this is all part of the sequestration cuts imposed by congress to save more than $600 million. "today in the bay's" bob redell is at sfo checking on all the delays. we will have more details coming from bob at the airport coming up in a matter of minutes. >>> it is also earth day. crews were busy over the weekend. the odd things they found at the beach. >>> plus, we'll take a look at huge pressure on that company this morning as it gets ready to report profits ahead in business. >>> we are going to check in for rob mayeda. 5:11. this is also an important week for apple, california's most valuable company must prove it still deserves the title. not long ago, we were referring to the tech giant as america's most valuable company. >> america, not anymore. apple has fallen way beyond exxon in overall market capitalization. pressure growing on ceo tim cook to say something, do something, excite the apple faithful and share holders. show we have got something up his slee
the faa warning in some cases, passengers could see delays of 90 minutes or more. that is nationwide. this is all part of the sequestration cuts imposed by congress to save more than $600 million. "today in the bay's" bob redell is at sfo checking on all the delays. we will have more details coming from bob at the airport coming up in a matter of minutes. >>> it is also earth day. crews were busy over the weekend. the odd things they found at the beach. >>> plus,...
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Oct 21, 2013
10/13
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KGO
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even so, the faa told abc news there are no federal wing walker regulations. though the agency does oversee air show operations. meanwhile, a florida community remains rattled. rob nelson, abc news, new york. >>> it was a rough flight into dublin, ireland, for some passengers on united airlines. their flight left newark, new jersey, and encountered severe turbulence. one person was treated at a hospital after landing. seven others suffered minor injuries. united is looking in to what happened. >>> a bizarre chain of events in atlanta after a driver fell asleep at the wheel. it was all caught on camera. his pickup was stopped in a lane of traffic and a news crew saw him slumped over with the car still running. when a transportation worker tried to take his keys, the man sped off, he slammed into two cars and caused three others to crash. >> it was scary and looked over and made sure he was okay. >> the driver didn't stop there. he climbed a tree, jumped a barbed wire fence and vanished. how strange is that one? >> it is hard to say what is happening here becaus
even so, the faa told abc news there are no federal wing walker regulations. though the agency does oversee air show operations. meanwhile, a florida community remains rattled. rob nelson, abc news, new york. >>> it was a rough flight into dublin, ireland, for some passengers on united airlines. their flight left newark, new jersey, and encountered severe turbulence. one person was treated at a hospital after landing. seven others suffered minor injuries. united is looking in to what...
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Dec 3, 2013
12/13
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we feel after 2015 when the faa rules do change, the industry will be tremendous. we're talking $10 to $15 billion in the first year and maybe up to $100 billion. >> andrew, is this happening? do you see any reason why we're not going to move towards a landscape that is dotted with drones? >> well i mean i think it's -- i think it's just a really bad idea. there are so many legal liability issues. so many safety issues. what's going to happen the first time when a drone crashes into somebody's home? what's going to happen first time a drone crashes into a -- crashes into a school bus? there are privacy concerns. i don't want commercial interests like amazon flying over my house, seeing what sort of car i have in my driveway my backyard and sending me e-mail solicitations to buy some of this stuff. it's a ridiculous ridiculous idea. >> what happens when a car drives into someone's house? >> it's different. it's different. it's not a business operating that car for the simple reason that, hey, look with amazon.com, if you want anything, you can get it within 24 hours
we feel after 2015 when the faa rules do change, the industry will be tremendous. we're talking $10 to $15 billion in the first year and maybe up to $100 billion. >> andrew, is this happening? do you see any reason why we're not going to move towards a landscape that is dotted with drones? >> well i mean i think it's -- i think it's just a really bad idea. there are so many legal liability issues. so many safety issues. what's going to happen the first time when a drone crashes into...
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Mar 5, 2013
03/13
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CNBC
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the faa says congress will ultimately decide how the venture will work and whether it will be privatized. fannie and is freddie currently help finance about two-thirds of all mortgages. since their bailout, they've drawn nearly 198 billion in u.s. treasury to help stay afloat. joining us now, allen smith ceo of prudential real estate investors. welcome. >> thank you. >> glad to have you here in london. >> glat glad to be here. >> we were talking yesterday about the london property market which is its own especially in central london the staggering amount of money that's coming into it. but in the u.s. we're seeing signs of a rebound, certainly perhaps with fannie/freddie news pointing again towards the strength of the private market. >> i think what it illustrates is the same themes you see driving the london market or driving the u.s. market in terms of investor behavior. investors around the world in real estate have been seeking a quest for yield and security. and so the best properties in the best markets are seeing tremendous demand. and i think the other thing to keep in mind is re
the faa says congress will ultimately decide how the venture will work and whether it will be privatized. fannie and is freddie currently help finance about two-thirds of all mortgages. since their bailout, they've drawn nearly 198 billion in u.s. treasury to help stay afloat. joining us now, allen smith ceo of prudential real estate investors. welcome. >> thank you. >> glad to have you here in london. >> glat glad to be here. >> we were talking yesterday about the...
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Mar 13, 2013
03/13
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in the morning headlines, the faa has approved boeing's plan for the 787 dreamliner. that is the first step in returning the jet to service. part of the solution involves a new enclosure designed to prevent fires. new figures show samsung spent $401 million advertising the mobile phones in the united states last year. that topped rival apple's $333 million, and that's according to figures from cantar media. outspent apple three to one the year before. mitch mcconnell is also active in the ad market these days. he's not up for reelection another 18 months, but his campaign made a six-figure ad purchase. >>> in washington today, president obama's going to be meeting with house gop leaders on capitol hill. john boehner is then expected to hold a news conference expected around 1:30 eastern time. house budget committee chairman paul ryan outlined his party's plan on the "kudlow report" last night. >> we may not, you know, get the budget goals we want to achieve, but hopefully we can get a down payment on the problem. we balance the budget and ultimately pay off the debt i
in the morning headlines, the faa has approved boeing's plan for the 787 dreamliner. that is the first step in returning the jet to service. part of the solution involves a new enclosure designed to prevent fires. new figures show samsung spent $401 million advertising the mobile phones in the united states last year. that topped rival apple's $333 million, and that's according to figures from cantar media. outspent apple three to one the year before. mitch mcconnell is also active in the ad...
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Aug 14, 2013
08/13
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CSPAN
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guest: congress mandated in the faa reform act in february of 2012 that by september 30, 2015, the faa had to integrate unmanned aircraft systems and to the national airspace. it did not say fully integrate, but just recently there has been success with the faa, and also of in the arctic with systems that were flown for oil and gas exploration, as well as wildlife monitoring. the test went fantastic. it was done in a safe and efficient manner. host: so it is possible for these systems to interact with planes and other aircraft that are used and flown by people? guest: again, look at where the operational spaces. because the faa knows anything going into the national airspace, they can control that. the predominance of the use that you will see as we start integrating the systems will not be where normal commercial airlines are flying. when you look at the band the bears place they're flying in, anything from 1,000 feet or below is where they will be able to operate the unmanned aircraft systems we're talking about. for the most part, many of them weigh less than 55 pounds. host: with t
guest: congress mandated in the faa reform act in february of 2012 that by september 30, 2015, the faa had to integrate unmanned aircraft systems and to the national airspace. it did not say fully integrate, but just recently there has been success with the faa, and also of in the arctic with systems that were flown for oil and gas exploration, as well as wildlife monitoring. the test went fantastic. it was done in a safe and efficient manner. host: so it is possible for these systems to...
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Apr 25, 2013
04/13
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the department of transportation runs the faa. they've got so much money that they blow out so much crap that they could have easily not furloughed these guys. they fuel it because -- >> it's the whole 50 million in research. >> look, we've got to go. i'm sorry. >> please come back and we would like to have a longer discussion. >> happy to. >> peter banks. >> my buddy? >> yeah, your buddy. >>> coming up, we've got southwest air leans posting better than expected earningses and revenue. that's happened minutes ago. we'll talk to the company's ceo. ♪ [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>> southwest earnings are out for the first quarter, excluding items and revenue beat estimates. gary kelly is the chairman, president and ceo of southwest airlines. gary, thanks for joining us. we appreciate it. >> great to be with you. and we've got to talk. this incredible s
the department of transportation runs the faa. they've got so much money that they blow out so much crap that they could have easily not furloughed these guys. they fuel it because -- >> it's the whole 50 million in research. >> look, we've got to go. i'm sorry. >> please come back and we would like to have a longer discussion. >> happy to. >> peter banks. >> my buddy? >> yeah, your buddy. >>> coming up, we've got southwest air leans posting...
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Dec 27, 2013
12/13
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while delta may be doing that for pr reasons, they also may have to do it because the faa has one of its rules which is 399.88 subsection a, but nobody knows the numbers, but the words, if a consumer purchases a fare and that consumer receives a confirmation, such as confirmation e-mail and/or the purchase appears on their credit card statement or online account, of their purchase, then the seller of the air transportation cannot increase the price of that air transportation to that consumer even when the fare is a mistake. i contacted delta and said, is this marketing? they assured me this was not something they planned. it was a big mistake. they won't quantify how many people took advantage of it. but when there's a mistake like that people go on twitter and post and everybody else picks up to. so that two plus hour window was quite a window. compare that to three months ago when united had a similar problem and that window was only open for about 15 minutes, kelly. >> kerry, thank you for the details on that. a lot of people happy to snag a flight to honolulu for $88. delta is ho
while delta may be doing that for pr reasons, they also may have to do it because the faa has one of its rules which is 399.88 subsection a, but nobody knows the numbers, but the words, if a consumer purchases a fare and that consumer receives a confirmation, such as confirmation e-mail and/or the purchase appears on their credit card statement or online account, of their purchase, then the seller of the air transportation cannot increase the price of that air transportation to that consumer...
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Jan 28, 2013
01/13
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the north star for the department of transportation and faa is safety. safety is tied with economic competitiveness, and when you combine those two larger goals, economic competitiveness for boeing, combined with the safety mission for faa and dot, the combination is advanced technology. what we learned in -- stuart: but we got a report that ten years ago, there was some grave concern -- real concern about lithium ion batteries and fires that could be caused because of the use of these things. that was a warning ten years ago. now we got the problem. i mean, you don't suspect that maybe the little bending at some point, not at all? >> very, very difficult to do that when you are doing megascaled engineering operations and design. what we're talking about in the lithium battery, stuart, is basically a power system for the automobile -- auxillary, but when temperatures rises, that adds to to it, and y are trying to solve that puzzle. stuart: appreciate you being with us. sorry to end it quickly, but i wanted your point of view, and you say they did not ben
the north star for the department of transportation and faa is safety. safety is tied with economic competitiveness, and when you combine those two larger goals, economic competitiveness for boeing, combined with the safety mission for faa and dot, the combination is advanced technology. what we learned in -- stuart: but we got a report that ten years ago, there was some grave concern -- real concern about lithium ion batteries and fires that could be caused because of the use of these things....
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Dec 24, 2013
12/13
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. >> and just think, if the faa has its way, we'll all get to sit next to somebody on -- >> yakking away. >> -- on their cell phone in the next year. wouldn't that be fun? as you said, henry, happy customers make for a happy airline. >> thanks. >> merry christmas. >> we will get an inside look at the state of the travel industry when we speak to kayak.com, which get as lot of traffic this time of year. >> i can think of nothing worse than sitting next to a person on their cell phone for six hours. >>> up 65. just a reminder, we are closing it up for the christmas holiday. the market's on a half-day schedule. >> and two key levels to watch going into the close today, it has to be twitter, whether it touches $70, and whether the 10 year touches 3%. we'll try to keep an eye on both of those. >>> will it be bulls or bears out of hibernation? that's next. >>> don't fehr get. -- forget. coming up, investing in wine. we'll hear from a wine expert -- besides us -- who believes the market will continue heating up in the new year. we have someone on the wine market to let you know what they think.
. >> and just think, if the faa has its way, we'll all get to sit next to somebody on -- >> yakking away. >> -- on their cell phone in the next year. wouldn't that be fun? as you said, henry, happy customers make for a happy airline. >> thanks. >> merry christmas. >> we will get an inside look at the state of the travel industry when we speak to kayak.com, which get as lot of traffic this time of year. >> i can think of nothing worse than sitting next...
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Oct 7, 2013
10/13
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. >>> coming up this half hour, the faa is trying to keep pilots from falling asleep at the controls but the new rule comes with a major loophole. captain sul j sullenberger shows us how it can leave all of us at risk. >> and a airport security could also come under review after 59-year-old hopped a flight to las vegas with no tickets. that's right. we'll look at how the young adventurer was finally grounded. that's ahead. >>> new arrests and outrage over the violent assault of an suv driver by a group of bikers in new york city. well, we now know at least three off-duty police officers say they were part of that motorcycle group last weekend. michelle miller is with us. good morning. >> good morning. well, police arrested two of the allege aid sail aunts over the weekend an more arrests could be on the way and we learned the morning that the suspect at the center of the case, reginald chance, already has 21 prior arrests on his record including robbery and drug charges. police say the person seen pulling the range rover's door open is this man, 35-year-old robert simms of brooklyn a
. >>> coming up this half hour, the faa is trying to keep pilots from falling asleep at the controls but the new rule comes with a major loophole. captain sul j sullenberger shows us how it can leave all of us at risk. >> and a airport security could also come under review after 59-year-old hopped a flight to las vegas with no tickets. that's right. we'll look at how the young adventurer was finally grounded. that's ahead. >>> new arrests and outrage over the violent...
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officials criticize the faa and boeing for how it handled the certification process of the 787 system. boeing conducted stress tests on the battery and conducted thermal runaway would have been in one every 10,000 flight hours but so far they have flown less than 100,000 hours and there has already been two cases, so the certification process needs to be reassessed. connell: once we get a dreamliner up in the air since the first incident last month? >> the flight took off from fort worth about an hour ago and right now over southeastern colorado, about three and a half hours flight landing back in western washington later on this morning. the boeing flight crew left about an hour ago, being called a ferry flight. not really being called a test flight, but certainly boeing will be looking at how the electrical system response and so far so good, no problems, no emergency landings for that boeing flight that took off about an hour ago. dagen: thank you. tomorrow fox business goes coast-to-coast to show you the right play in the real estate market. is there any inventory? what are seller
officials criticize the faa and boeing for how it handled the certification process of the 787 system. boeing conducted stress tests on the battery and conducted thermal runaway would have been in one every 10,000 flight hours but so far they have flown less than 100,000 hours and there has already been two cases, so the certification process needs to be reassessed. connell: once we get a dreamliner up in the air since the first incident last month? >> the flight took off from fort worth...
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Apr 25, 2013
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. >>> meanwhile, park says reuters the situation is as untenable as it is, the faa is reducing the number of controlses by 10% a day as it deals with budget cuts under the sequester. hundreds of flights delays, they've had to space out the number of planes on the runway. 10% a day sthp. >> and there's a lot of talk about how much politics this is, like canceling the white house tours, how much it's really needed. and i think i heard the other day, as well, they canceled sweep week in new york. oh, the stories we could tell. yes. here is a look at what's on the agenda today. lots of earnings and weekly jobless claims out at 8:30 a.m. eastern. bristol myers is among those reporting before the open. also bristol myers, conco philips, exxon mobil and 3m. u.p.s., harley davidson, hershey, southwest airlines and united continental turn in results. amazon and starbucks after the bell. herbalife could name a new auditor after an insider trading scandal. and it's unfair whether bell akman or carl icahn -- i can't do this. >> you were right the first time, herbal life. >> a few more months in the p
. >>> meanwhile, park says reuters the situation is as untenable as it is, the faa is reducing the number of controlses by 10% a day as it deals with budget cuts under the sequester. hundreds of flights delays, they've had to space out the number of planes on the runway. 10% a day sthp. >> and there's a lot of talk about how much politics this is, like canceling the white house tours, how much it's really needed. and i think i heard the other day, as well, they canceled sweep...
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Nov 25, 2013
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back to january 17th when the faa crowneded the 787 dream liner and the stock was down around $70 a share and people said it's going to be a terrible year for boeing. on june 21st, the stock continued moving higher. air bus landed more orders and this is where we're going to see a pause. didn't happen. october 8th, air bus won orders from jao and a and a two zap sneeze airlines long tim -- japanese airlines for boeing. the stock kept moving higher. and then finally last 16th, machinist reject a new contract from boeing. a number of people said, a-ha, this will be it. the problems boeing has in the future as they bring the 777x to market. here's the reason the stock keeps moving higher. a lot of people looking at the head lines are overlooking. let's start with the 787. dreamliner production is on track to hit ten per month. the target the company set by the end of this year. then production will be increased by 2015 and then by the end of the decade. when you look at overall production and overall delivery rates, this company is on schedule this year to deliver a record number of commerci
back to january 17th when the faa crowneded the 787 dream liner and the stock was down around $70 a share and people said it's going to be a terrible year for boeing. on june 21st, the stock continued moving higher. air bus landed more orders and this is where we're going to see a pause. didn't happen. october 8th, air bus won orders from jao and a and a two zap sneeze airlines long tim -- japanese airlines for boeing. the stock kept moving higher. and then finally last 16th, machinist reject a...
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Jan 21, 2013
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one inspector from the transport ministry and two from the faa conducted the administration. the joint team is looking into everything from battery design to manufacturing. the batteries are the focus after the troubled 787 batteries showed overeat heating. lithium ion batteries were once the culprit in a series of laptop computer fires years back. the u.s. has sent engineers to boston last week and the company says it's fully cooperating with this latest investigation. the company shares rose slightly in trade today. back to you, kelly. >> thank you very much for that. now just some news out of germany. we've been following the regional election outcomes. now the leader of angela merkel's coalition partner has offered to step aside, this according to a meeting from the fdp and reuters there. we'll bring you more as we get it. we'll continue to follow ramifications as we look at the german election these fall. >>> let's give a quick look at what's on the table for japan in asia. transportation wsh i should say. some key real estate trust residue to release, as well, including
one inspector from the transport ministry and two from the faa conducted the administration. the joint team is looking into everything from battery design to manufacturing. the batteries are the focus after the troubled 787 batteries showed overeat heating. lithium ion batteries were once the culprit in a series of laptop computer fires years back. the u.s. has sent engineers to boston last week and the company says it's fully cooperating with this latest investigation. the company shares rose...
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Apr 24, 2013
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remember, we are probably within a day or two of the faa lifting the grounding on the dreamliner. boeing never had to bring down the delivery schedule. further out investors are having more confidence and more comfort with boeing. on the ford story, the issue here is whether or not ford can give investors confidence that things in europe are improving. they're going to report a loss. they're going to lose $2 billion in europe this year. that's their forecast at this point. north america is really the engine that's powering these guys right now. think about this, kelly. we expect them for the first quarter to report a profit in north america of greater than $2.7 billion. that would easily be the most profitable first quarter ever for the company probably with a profit margin of close to or if not past 12%. that is the area that when he first took over said we need to get profit margins up north of 10%. they're doing that in north america. the issue remains what's going on in europe and how quickly they are coming along and restructuring it. >> the german automaker saying first quar
remember, we are probably within a day or two of the faa lifting the grounding on the dreamliner. boeing never had to bring down the delivery schedule. further out investors are having more confidence and more comfort with boeing. on the ford story, the issue here is whether or not ford can give investors confidence that things in europe are improving. they're going to report a loss. they're going to lose $2 billion in europe this year. that's their forecast at this point. north america is...
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Feb 7, 2013
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the faa has given the company permission to make a special one-time test flight from texas to washington state. the ntsb says it's probably weeks away from completing its probe into the battery incident. boeing shares, which have suffered on news of this -- of the dreamliner, but not tremendously. you look, they're down 3% over the last month or so. today, down by 0.3 5%. >> news corp. profits more than doubled on one-time gain for acquisitions. several businesses have underperformed. the u.s. version of "x-factor" had smaller ratings. the company saw lower ad revenue for its australian papers. as a result, the stock is down 3% in after hours. really, bskyb helps to -- it's a plus point for them. >> visa's first quarter profits rose 25%, beating forecasts as consumers use their credit and debit cards more during the holidays. purchase volume, up 9 the% to 1.1 trillion. the fastest growth in nine months. you can see why investors love the pavement space. visa is rolling out its digital wallet service and expanding an emerging market. shares up better than 1%. about 6% over the last quarte
the faa has given the company permission to make a special one-time test flight from texas to washington state. the ntsb says it's probably weeks away from completing its probe into the battery incident. boeing shares, which have suffered on news of this -- of the dreamliner, but not tremendously. you look, they're down 3% over the last month or so. today, down by 0.3 5%. >> news corp. profits more than doubled on one-time gain for acquisitions. several businesses have underperformed. the...